Right on! ( D2 O' ^' X) n# {# r/ R* A3 d5 ~, d5 U8 j/ E1 B
I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$.* ]0 z/ w! C4 t8 |
& s6 E; T8 z' \$ N/ h2 WWoohoo...time to realize some profits (especially on oil and gas stocks) today!# W: U2 ?" w- V; ]! b! Z3 V
' u! Z! U) Z* W( @4 P% I& z4 jAn option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. 4 j: u' |7 l2 {5 _/ w/ V1 S& ^ ) P( {7 E& F1 _4 x0 A6 ~Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 5 w( J+ E; c8 L- N2 \
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GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 0 s0 I% u3 R1 d9 w6 ^/ W
Right on! 8 {2 V8 }5 _6 N( [+ m
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? * N" H# X( j: E Z9 `; F2 T. _
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 " h+ |( P1 I9 ?* P' m! G% }- `7 x) @( q% `# R
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Are you kidding? / B# j( |$ \8 z' c' L" G5 u
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%